The PlayStation 5 Is About To Get A Major Price Increase — Here's When And How Much

Core Insights - The PlayStation 5, released in November 2020, is experiencing a price increase nearly five years into its lifecycle, with prices rising by $50 for each model [3][4] - The price hike is effective from August 21, providing minimal notice to consumers [3] - Sony cites a challenging economic environment as the reason for the price increase, without specifying details [4] Pricing Changes - PlayStation 5: $499.99 > $549.99 [5] - PlayStation 5 Digital Edition: $449.99 > $499.99 [5] - PlayStation 5 Pro: $699.99 > $749.99 [5] Economic Context - The current global economy has disrupted traditional tech pricing norms, making it uncertain whether consoles will be more expensive at launch [3] - Factors contributing to the price increase include inflation, trade wars, and overall economic uncertainty [4]